Chinese steelmakers Taiyuan Iron and Steel (TISCO) and Baosteel have announced their local stainless steel list prices for March production. Accordingly, the mills have kept their austenitic prices stable as compared to price levels for February production materials, with offers for 304/2B stainless steel cold rolled coil (CRC) still standing at RMB 16,900/mt ($2,761/mt) ex-works, including 17 percent VAT.
$1 = RMB 6.12